San Francisco City & County Employees' Retirement System disclosed a new commitment and new investment totaling $167.5 million in a report from CIO William J. Coaker Jr. ahead of its April 14 board meeting.
Within its absolute return asset class, the $31.7 billion pension fund invested $100 million in global macro fund Brevan Howard Alpha Strategies Fund.
The investment, which closed April 1, was made through San Francisco Absolute Return Investors II, a limited partnership between SFERS and Blackstone Alternative Asset Management.
As of March 31, the actual allocation to absolute return was 11.8%.
Within private equity, SFERS committed $67.5 million to Atlas Capital Resources IV, a buyout fund managed by Atlas Holdings.
As of March 31, the actual allocation to private equity was 24.1%.
